Do Kwon and Terraform Labs ask judge to toss SEC’s lawsuit
Do Kwon, the co-founder of the now-collapsed Terra ecosystem, maintains he and his firm did not skirt U.S. securities laws.
Do Kwon, the co-founder of the now-collapsed Terra ecosystem, maintains he and his firm did not skirt U.S. securities laws.
The Hong Kong Monetary Authority (HKMA) has released the first phase report of the "Digital Hong Kong Dollar" Pilot Plan. As reported by Odaily, the trial phase of the plan has demonstrated potential unique benefits of the digital Hong Kong dollar in three key areas: programmability, tokenization, and instantaneous settlement. The ability to digitize the Hong Kong dollar could facilitate faster, more cost-effective, and inclusive transactions while also enabling newer economic activities. However, since pilot program trials took place on a small scale within a controlled environment, the HKMA maintains that further study and evaluation are necessary to confirm whether the benefits identified can be applied to bigger, real scenarios. The HKMA has yet to make a decision on the official launch of the digital Hong Kong dollar. The Authority will use the experience and results from the first phase to refine possible implementation strategies. The next phase of the project will involve exploratory studies on new use cases for the digital Hong Kong dollar and deeper analysis of the trial results.
Crypto exchange-traded products saw $326 million in inflows during the week ending Oct. 27, according to a report from CoinShares.
Sam Bankman-Fried was the final witness to take the stand after more than three weeks of testimonies in court.
Daniel Shin claimed he and Do Kwon parted ways before the collapse of the Terra/Luna ecosystem was imminent and that he had nothing to do with it.
Biden’s executive order establishes six new standards for AI safety and security and its intentions for ethical AI usage within the government.
The industry is reeling as governments, legislators, and even investors ask if its networks are being exploited by terrorists. A sense of proportion may be needed.
Non-fiat-backed stablecoins will not be allowed into regulated payment chains.
The Group of Seven (G7) countries will agree on a voluntary AI code of conduct for companies developing AI to reference for mitigating risks and benefits of the technology.
Singapore’s central bank and financial regulator is seeking closer cross-border collaboration for its asset tokenization project.